Financial Director: Trade

September 2, 2024

TWK Agri

Piet Retief

OTHER

TWK Agri has the following vacancy available: Financial Director within the Trade Division at Piet Retief, Mpumalanga.

Job Summary:
We are seeking a skilled and experienced Financial Director to oversee all financial aspects related to our Trade operations. The successful candidate will be responsible for managing financial planning, budgeting, forecasting and reporting for our Trade division. This is a critical role that requires strong analytical skills, attention to detail and excellent communication abilities.

Responsibilities and Duties:

Leadership

Effective leadership and mentoring involves creating an environment where team members feel valued, supported and motivated to achieve their best, with leaders actively engaging in their team’s development, providing constructive feedback and serving as role model to foster a culture of continuous improvement and growth

Strategic Planning

Analyse opportunities and acquisitions from a financial perspective together with the Group Finance team
Give relevant inputs to EXCO and Senior Management for sound decision making
Take full control and responsibility of financial analyses, impact on results, financial systems and controls

Information Technology

Ensure the maintenance of an effective IT environment for the division to facilitate accurate and timely provision of information

Financial Planning and Budgeting

Assist with the development and overseeing of financial plans and budgets for the Trade division
Collaborate with key stakeholders to establish financial targets and performance metrics aligned with organisational goals
Prepare annual budgets and projections together with quarterly forecasts for the Trade division
Monitor and analyse financial performance against budget and provide recommendations for improvement
Ensure compliance with all financial regulations and reporting requirements related to the Trade division
Prepare financial reports and presentations for senior management
Mentor and develop admin personnel within the Trade division

Cost Analysis and Control

Conduct cost analysis to identify key cost drivers and optimise operational expenses across the division
Implement cost control measures to improve efficiency and profitability while maintaining quality standards

Operating cost, capital expenditure and working capital

Oversee inventory tracking and management systems to ensure accurate inventory levels and valuation within the Trade division
Maintain an effective fixed asset register process together with Group Finance to ensure the safeguarding of all company assets
Implement inventory control procedures to minimise stockouts and inventory carrying costs
Ensure correct costing of inventory
Improve cash flow management by better utilisation of working capital
Manage debtor aging together with financing department
Ensure efficient capital expenditure

Financial Analysis and Reporting

Prepare monthly financial statements, reports and analysis to provide insights into the various businesses’ financial performance and trends
Improve the integrity and quality of the reports on a continuous basis

Compliance and Risk Management

Identify and mitigate financial risks associated with the various businesses through effective risk management practices
Maintain an effective risk and internal control environment to ensure unqualified reports with minimal reporting items
Review balance sheet reconciliations and income statements to identify and pro-actively manage financial risks and trends
Maintain an effective and aligned general ledger structure together with Group Finance in the division and various subsidiaries
Maintain relevant processes, policies and procedures
Ensure contract management within the division is in line with Group guidelines
Adequate insurance of all divisional assets together with Group Insurance

Stakeholder Engagement

Collaborate with internal departments to streamline financial processes and optimise value chain integration

Qualifications and Skills:

Bachelor’s degree in Finance or Accounting
Advanced degree or professional certification (e.g. CA(SA), CIMA)
Master’s degree (advantageous)
7 – 10 years of proven experience in financial management, preferably in the Agri industry
3 – 5 years experience in a leadership role
Previous experience in financial reporting, operating cost, working capital and capital expenditure management
Advanced financial management, tax and related legislation knowledge
Strong verbal and written communication skills
Bilingual (Afrikaans and English)